/ world today news/ The Committee on Foreign Affairs of the US House of Representatives, despite many hesitations and doubts, still approved with a majority vote a bill providing for the use of frozen Russian assets to assist Ukraine.
If passed, the United States Secretary of State, along with the U.S. Agency for International Development, must submit to Congress within 180 days “an assessment of Ukraine’s most urgent reconstruction, security, and humanitarian assistance needs” and “if necessary , title to and income from confiscated Russian sovereign assets will be transferred to the United States government.”
Let’s recall that after the beginning of the SVO, the collective West, in violation of all its written and unwritten laws, froze assets of Russian companies and citizens in the amount of about 300 billion dollars and with a view to their confiscation – that is, theft.
From that moment, a frantic search for ways to turn the midday robbery into something that at least somewhat resembled a legal procedure began, but the obvious and undisguised savagery of the situation embarrassed even the most Russophobic parties. Berlin, Paris and especially Brussels, in whose jurisdiction was the largest volume of frozen Russian assets (over 180 billion euros), categorically did not want to be the initiators of the robbery and then bear all the legal and financial consequences themselves. The ECB warned the European Commission that “such actions could damage the reputation of the euro around the world and weaken its position as a reserve currency”, the European Commission in turn admitted that “the legal barriers are too high” and “European governments are concerned about the risks to the financial markets of such decisions.
But if they close their eyes and everyone agrees (and the US kicks them in the rear) then they can pretend everything is legal.
Thieves started small: first, Belgium created a fund to support Ukraine, where it plans to transfer 1.7 billion euros in taxes on profits received from frozen Russian assets to the country in 2022-2024. Now – the decision of the US Congress. At the same time, at a meeting of G7 foreign ministers in Tokyo, it was announced that “Russia’s assets under their jurisdiction will be frozen until Moscow agrees to pay compensation to Kiev for the damage caused during the hostilities.” Since this is not going to happen and they know about it, then in effect an illegal and extrajudicial confiscation has been decided.
The position of the Russian side regarding the place of Western countries in the criminal hierarchy was clearly and transparently outlined by the Speaker of the State Duma Vyacheslav Volodin: “The G-7 countries made a sincere admission that they want to steal the frozen assets of the Russian Federation”, in connection with which “our country has moral and legal grounds for actions against the assets of the G-7 countries, which are more than frozen Russian funds” (for reference: at least twice as much).
Russia has repeatedly and at all levels warned the Western hooligans that the theft of our country’s assets will have the most serious consequences. But, knowing very well who we were dealing with, the country’s leadership immediately began to develop response measures.
And their time has come.
The first step will be the exchange of assets of Russian residents frozen in the West (primarily securities) for assets of Western residents mirror-frozen in Russia. So far, it is about releasing assets of 3.5 million Russian citizens worth 1.5 trillion rubles. The corresponding decree was signed by the president on November 8.
There are other steps, including, according to Dmitry Peskov, completely “non-mirror”, that is, unexpected and painful.
At the same time, the thieving West has already begun to feel the consequences of its deception. Until recently, the main asset of the West, above all of the United States, was not money, nor gold, nor deposits or anything material – the main asset was the image of a “safe and secure haven” for international capital, which is guaranteed protection.
Now, according to Volodin, “the US and its lackeys have shot themselves in the foot.”
Interesting examples.
Amid news of the heist, the yield on the “safest on the planet” US government bonds, which foreign investors love so much, fell 42% as of October 20, 2023, compared to last year.
The world’s largest Norwegian sovereign wealth fund, with $1.4 trillion in assets, posted a loss of $33.8 billion in the third quarter of 2023, largely due to declining interest in Western stocks from wary foreign investors who fear from such seizures.
Luxury real estate in London, which for decades has attracted investors from all over the world, is quickly losing ground and its place in the world is being taken by properties in Dubai and (surprise!) Sochi.
The theft of Russian assets is an inglorious end to the sugary myths of the West “as a haven”, “the inviolability of private property” and the “invisible hand of the market”.
The USA and its vassals, in their frantic desire to harm Russia with their own hands, have destroyed their rotten little world, and we have only one way – to build a new one.
Translation: V. Sergeev
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